Year-end giving are a fantastic way to aid causes you care, and they can also yield valuable tax savings. By contributing to qualified charities, you can reduce your taxable income and potentially earn money on your taxes. When evaluating charitable gifts, it's important to understand the different types of charities available and their purposes.
Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially minimize your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social welfare. B
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